President Obama’s FY 2014 budget seeks $638.0 million for the Office of Fossil Energy (FE) to advance technologies related to the reliable, efficient, affordable and environmentally sound use of fossil fuels as well as manage the Strategic Petroleum Reserve and Northeast Home Heating Oil Reserve to provide strategic and economic security against disruptions in U.S. oil supplies.
As part of the government-wide response and recovery effort for Hurricane Sandy and the Nor’easter, the Energy Department is providing the Department of Defense with additional ultra-low sulfur diesel fuel from the Northeast Home Heating Oil Reserve in response to a request from the State of Connecticut.
Secretary of Energy Steven Chu today honored two Office of Fossil Energy groups - NETL's Coronary Stents Team and SPR's 2011 Drawdown Team - with Secretary of Energy Achievement Awards for exceptional performance in carrying out the Department’s mission.
The Department of Energy, through its agent DLA Energy, has issued a solicitation seeking commercial storage contracts for the remaining 350,000 barrels of ultra low sulfur distillate needed to complete the fill of the Northeast Home Heating Oil Reserve.
U.S. Energy Secretary Steven Chu announced today that the U.S. and its partners in the International Energy Agency have decided to release a total of 60 million barrels of oil onto the world market over the next 30 days to offset the disruption in the oil supply caused by unrest in the Middle East.